NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,471 shares of the computer hardware maker’s stock after selling 713 shares during the period. Oxbow Advisors LLC’s holdings in NVIDIA were worth $1,809,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Thompson Davis & CO. Inc. lifted its stake in NVIDIA by 46.1% in the 4th quarter. Thompson Davis & CO. Inc. now owns 11,455 shares of the computer hardware maker’s stock valued at $1,537,000 after buying an additional 3,615 shares in the last quarter. Carl P. Sherr & Co. LLC grew its holdings in shares of NVIDIA by 4.0% in the fourth quarter. Carl P. Sherr & Co. LLC now owns 28,042 shares of the computer hardware maker’s stock valued at $3,766,000 after purchasing an additional 1,071 shares during the period. Winebrenner Capital Management LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $4,483,000. Navellier & Associates Inc. grew its holdings in shares of NVIDIA by 6.6% during the 4th quarter. Navellier & Associates Inc. now owns 590,797 shares of the computer hardware maker’s stock worth $79,338,000 after purchasing an additional 36,412 shares during the period. Finally, Wealth Management Nebraska acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $1,004,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research note on Thursday, February 20th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Morgan Stanley set a $162.00 price objective on NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Finally, Susquehanna reiterated a “positive” rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.

Insider Transactions at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 183,609 shares of company stock valued at $22,642,615. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $109.67 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The firm has a fifty day simple moving average of $125.01 and a 200-day simple moving average of $131.34. The company has a market capitalization of $2.68 trillion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.